| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 3,749 | 2,194 |
| Amortization of deferred financing costs and debt discount | 23 | 16 |
| Depreciation and amortization | 996 | 650 |
| Deferred income taxes | 1 | -1 |
| Gain on equity method investments | 484 | - |
| (gain)/loss on disposal of assets | 1 | 0 |
| Gain on equity method investments | - | 0 |
| Income from equity method investments | 542 | 356 |
| Distributions from unconsolidated affiliates | 631 | 395 |
| Change in fair value of derivatives | 7 | 3 |
| Current receivables | -44 | -32 |
| Inventories | 19 | 12 |
| Current liabilities and other current assets | -38 | -5 |
| Assets and liabilities - related parties | -105 | -100 |
| Right of use assets and operating lease liabilities | -3 | -1 |
| Deferred revenue | -52 | -33 |
| All other, net | 4 | 4 |
| Net cash provided by operating activities | 4,413 | 2,982 |
| Additions to property, plant and equipment | 1,094 | 568 |
| Acquisitions, net of cash acquired | 3,316 | 237 |
| Disposal of assets | 1 | 1 |
| Investments - acquisitions and contributions | 776 | 467 |
| Investments - redemptions, repayments, return of capital and sales proceeds | 143 | 60 |
| Payment for (proceeds from) other investing activity | -108 | -8 |
| Net cash used in investing activities | -4,934 | -1,203 |
| Long-term debt borrowings | 6,541 | 1,978 |
| Long-term debt - repayments | 2,464 | 1,702 |
| Debt issuance costs | 62 | 20 |
| Unit repurchases | 300 | 200 |
| Distributions to noncontrolling interests | 33 | 22 |
| Distributions to series a preferred unitholders | 6 | 6 |
| Distributions to lp unitholders | 2,923 | 1,948 |
| Contributions from mpc | 20 | 14 |
| All other, net | -6 | -6 |
| Net cash provided by (used in) financing activities | 767 | -1,912 |
| Net change in cash, cash equivalents and restricted cash | 246 | -133 |
| Cash and cash equivalents at beginning of period | 1,519 | - |
| Cash and cash equivalents at end of period | 1,765 | - |
MPLX LP (MPLX)
MPLX LP (MPLX)